China Extends Waiver on Port Construction Fees

June 24, 2020

© William Messing / Adobe Stock
© William Messing / Adobe Stock

China’s Ministry of Finance said on Wednesday it would extend a waiver on port construction fees for imported and exported cargoes until the end of 2020 from June 30.

The ministry will also extend a reduction in fees paid to the compensation fund for ship pollution until the end of this year.

The move is part of Beijing’s efforts to help business resume amid the coronavirus pandemic and to shore up its export industry.


(Reporting by Muyu Xu and Beijing Newsroom; Editing by Christian Schmollinger)

Logistics News

HDI Global Reorganizes US Operations, Welcomes New CEO

HDI Global Reorganizes US Operations, Welcomes New CEO

Gulf Tanker Rates Nearly Double as Middle East Exports Ramp Up

Gulf Tanker Rates Nearly Double as Middle East Exports Ramp Up

Sailors' Society to Roll Out Seafarer Wellbeing Program

Sailors' Society to Roll Out Seafarer Wellbeing Program

Svanehoj Appoints Larsen President

Svanehoj Appoints Larsen President

Subscribe for Maritime Logistics Professional E‑News

FedEx expects revenue to rise 11% by 2026, but shares fall after margin drop
Trump insists Iran agreed to nuclear inspections
Sources say that the premiums for Russian ESPO blends are now near parity with ICE Brent in China due to weak demand.